BlackLine, Inc. (BL)

BlackLine, Inc. provides cloud-based solutions to automate and streamline accounting and finance operations in the United States and internationally. It offers financial close and consolidation solutions, such as account reconciliations that provides a centralized workspace for users to collaborate on account reconciliations; transaction matching, which analyzes and reconciles individual transactions; task management to create and manage processes and task lists; and financial reporting analytics that enables analysis and validation of financial data. The company also provides journal entry, which allows users to generate, review, and post manual journal entries; variance analysis that offers anomalous fluctuations in balance sheet and income statement account balances; compliance, an integrated solution that facilitates compliance-related initiatives, consolidates project management, and provides visibility over control self-assessments and testing; and smart close for SAP solution. In addition, it offers credit and risk, collection, dispute and deduction, and team and task management, as well as AR intelligence, electronic invoicing and payment, and cash application solutions. Further, the company provides intercompany create functionality that stores permissions and business logic exceptions by entity, service, and transaction type; intercompany balance and resolve, which records an organization's intercompany transactions; and netting and settlement that enables open intercompany transactions, which integrate with treasury systems. Additionally, it offers implementation, optimization, live and web-based training, and support services. The company sells its solutions primarily through direct sales force to multinational corporations, large domestic enterprises, and mid-market companies across various industries. The company was incorporated in 2001 and is headquartered in Woodland Hills, California.

Ticker
BL
Exchange
Nasdaq
Sector
Technology
Industry
Software - Application
Market cap
$1.49B
52-week range
$24.70 - $59.57

Valuation

Share price
$25.89 (close of Nov 6, 2026)
P/E (TTM)
38.07x
Price to book
4.78x
Price to free cash flow
8.36x
Enterprise value
$1.96B
Book value per share
$5.41

Price performance

PeriodChange
1 day-23.11%
5 days-23.43%
1 month-8.09%
3 months-13.70%
6 months-12.39%
Year to date-53.17%
1 year-54.44%
3 years-51.87%
5 years-79.99%
10 years+18.87%
All time+9.24%

Short interest

As of
Oct 15, 2026
Short % of float
12.81%
Shares short
4.96M
Days to cover
5.91
Change since prior report
-10.13%
Source
FINRA consolidated short interest

Profitability and growth

Return on equity
7.38%
Return on invested capital
1.02%
Return on assets
1.39%
Return on capital employed
2.40%
Gross margin
75.25%
Net margin
3.50%
EBITDA margin
10.29%
Revenue growth
7.21%
Net income growth
-84.79%
Free cash flow growth
-14.42%

Cash flow and balance sheet

Free cash flow yield (TTM)
11.96%
Current ratio
1.69x
Net debt to EBITDA
4.45x

Latest reported year

Period end
Dec 31, 2025
Fiscal year
2025
Revenue
$700.43M
Cost of revenue
$173.38M
Gross profit
$527.04M
EBITDA
$72.09M
Net income
$24.52M
Earnings per share
$0.40
Research and development
$109.20M
Interest expense
$10.15M
Shares outstanding
61.43M

Income statement by year

Period endRevenueGross profitNet incomeEPS
2025-12-31$700.43M$527.04M$24.52M$0.40
2024-12-31$653.34M$491.37M$161.17M$2.59
2023-12-31$590.00M$443.20M$52.83M$0.87
2022-12-31$522.94M$393.55M-$29.39M-$0.49
2021-12-31$425.71M$327.83M-$115.16M-$1.97
2020-12-31$351.74M$282.76M-$46.91M-$0.83
2019-12-31$288.98M$230.00M-$32.53M-$0.59
2018-12-31$227.79M$176.91M-$28.71M-$0.53
2017-12-31$175.60M$134.22M-$33.41M-$0.64
2016-12-31$128.03M$97.82M-$26.34M-$0.62

Margins and returns by year

Period endGross marginNet marginReturn on equityReturn on capital
2025-12-3175.25%3.50%7.38%1.02%
2024-12-3175.21%24.67%36.08%1.36%
2023-12-3175.12%8.95%20.25%0.77%
2022-12-3175.26%-5.62%-26.27%-2.82%
2021-12-3177.01%-27.05%-35.43%-2.65%
2020-12-3180.39%-13.34%-11.11%-2.37%
2019-12-3179.59%-11.26%-8.16%-3.49%
2018-12-3177.67%-12.61%-8.99%-8.84%
2017-12-3176.43%-19.02%-10.58%-9.63%
2016-12-3176.40%-20.57%-8.55%-4.72%

Cash and debt by year

Period endCashDebt
2025-12-31$390.03M$666.05M
2024-12-31$885.91M$892.67M
2023-12-31$271.12M$1.14B
2022-12-31$200.97M$1.38B
2021-12-31$539.74M$1.11B
2020-12-31$367.41M$407.03M
2019-12-31$120.23M$384.34M
2018-12-31$46.18M-
2017-12-31$31.10M-
2016-12-31$22.12M-

Free cash flow by year

Period endFree cash flowStock-based compensation
2025-12-31$161.49M$92.59M
2024-12-31$188.71M$83.25M
2023-12-31$120.66M$77.97M
2022-12-31$45.04M$75.88M
2021-12-31$71.36M$65.87M
2020-12-31$48.22M$49.69M
2019-12-31$25.09M$34.05M
2018-12-31$9.86M$20.89M
2017-12-31$2.42M$16.04M
2016-12-31-$6.53M$6.53M

Investor relations

Past earnings dates

ReportedFiscal periodEPS estimate
2026-11-05Sep 2026$0.25
2026-08-04Jun 2026$0.22
2026-05-05Mar 2026$0.12
2026-02-10Dec 2025$0.27
2025-11-06Sep 2025$0.17
2025-08-05Jun 2025$0.24
2025-05-06Mar 2025$0.11
2025-02-11Dec 2024$0.19

Filings and sources

Company website
blackline.com
SEC filings
10-K, 10-Q and 8-K on EDGAR
Earnings calendar
All upcoming reports

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